31, MAGNOLIA DRIVE, LEYLAND, PR25 5SF - £330,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

31 MAGNOLIA DRIVE is a small detached house of 103m², built sometime between 1996 and 2002, which could now be worth an estimated £349,291. It was last sold for £330,000 in April 2022, which was around 8% above the average April 2022 detached price in the Chorley local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

31 MAGNOLIA DRIVE Sold Prices

Land registry data shows three sales for 31 MAGNOLIA DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Chorley local authority area for the corresponding sale date. All of the three 31 MAGNOLIA DRIVE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 8 APR	£330,000	£306,713	8% above HPI
2004 30 NOV	£237,000	£197,217	20% above HPI
2001 21 DEC	£159,950	£102,801	56% above HPI

31 MAGNOLIA DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chorley local authority area over time, sourced from the HPI. The three 31 MAGNOLIA DRIVE sales between December 2001 and April 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2004 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the April 2022 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 31 MAGNOLIA DRIVE be worth now?

31 MAGNOLIA DRIVE might now be worth an estimated £349,291.

This is based on house price inflation of 5.8%, between April 2022 and February 2025, for detached houses, in the Chorley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.8% inflationary increase is applied to the most recent sale price for 31 MAGNOLIA DRIVE of £330,000 on 8th April 2022. For the value to have increased from £330,000 to £349,291 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 31 MAGNOLIA DRIVE has moved in line with the HPI for detached houses in the Chorley local authority area.
• The April 2022 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of 31 MAGNOLIA DRIVE has not materially changed since April 2022.

How Large is 31 MAGNOLIA DRIVE?

31 MAGNOLIA DRIVE is 103m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 40% of detached houses houses in Leyland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Leyland, and where 31 MAGNOLIA DRIVE lies on this distribution: 35% of detached houses houses are smaller than 31 MAGNOLIA DRIVE, and 64% of houses are larger. Note that EPC data is not available for all properties in Leyland.

31 MAGNOLIA DRIVE: Plot and Title Map

31 MAGNOLIA DRIVE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 31 MAGNOLIA DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 31 MAGNOLIA DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 31 MAGNOLIA DRIVE?

31 MAGNOLIA DRIVE is located in LEYLAND, in the PR25 postcode district. The below map shows the position of No. 31 on MAGNOLIA DRIVE.